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20110301
20110331
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KPIX (CBS) 2
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CBS
Mar 6, 2011 6:00pm PST
: the u.s. stored supply of oil called the strategic petroleum reserve contains 72-- 727 million barrels, enough to keep nation powered for a couple of months. those who want oil released from the reserves now say it would calm spiking gas prices so an economic recovery isn't threatened. after hurricane katrina, 30 million barrelses were released. oil prices dropped 3.7%. during the first gulf war, 34 million barrels were released and in one day prices dropped 33.4%. but some economists say the oil reserves should be saved for a true emergency and this isn't it. >> i think it's premature to open up the strategic petroleum reserve. i don't think it's going it to make a big difference with respect to prices. and i think at this point we can digest these prices. >> reporter: maybe so, but it doesn't go down easy. >> as a students's kind of tough to be able to pay the bills and pay these kind of gas prices. >> reporter: right now the average price of gas is still 61 cents below the record set in july 2008 of $4.11 a gallon. russ. >> mitchell: at least some good news there. sheryl attkisson i
CBS
Mar 2, 2011 7:00am PST
continue to escalate between government forces and rebels on several fronts this morning. two u.s. warships enter the u.s. canal this morning. 400 marines on board to help evacuate civilians or provide humanitarian relief. mandy clark is in ajdabiya with the latest for us this morning. man mandy, good morning. >> reporter: good morning. i'm on the road to al brega a town in eastern libya and where pro gadhafi forces are battling rebels in willing oil shipping area. now, we are hearing that the rebels are managing to hold back the pro-gadhafi forces. we spoke to one eyewitness on the phone who described hearing jets overhead and rockets going off. there is also a plume of smoke which he said was part of an aerial bombardment but it's unclear what was hit. now, we are currently in ajdabiya and locals say an aerial campaign as well. they are saying a weapons dough poe has been hit but we can't independently verify that at the minute. >> mandy, al brega, why is that area so important? you said you're on your way there. >> al brega is particularly important to gadhafi because it's an oil export
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